03/05/2021
Missing the mark? Why the future of beneficial ownership rules hangs in the balance
The onus is not on the individual but on the government to make the case.
03/05/2021
Isabel dos Santos’ Maltese consulting firm served with $230,000 tax bill
The Angolan billionaire’s company had “no intention” to carry out economic activity in Malta, the island nation’s authorities said.
03/05/2021
The inclusion of the Cayman Islands on the Monitoring List has no direct consequences for investors or clients using Cayman Islands structures.
03/04/2021
Skipton International welcomes Stamp Duty Holiday extension
The holiday allows overseas resident purchasers to generate as much as a £15,000 saving on a property purchased at £500,000.
03/04/2021
Cyprus to lift veil of secrecy with register of company owners
Experts predict some companies will shift jurisdiction rather than reveal their beneficial owners.
03/04/2021
Ocorian’s global operations and services are highly complementary to Platinum’s offering
03/02/2021
This will be a big test, to see if it sparks a rise in cases of Covid-19 and to see how effectively we can find them and control them.
03/02/2021
EBA Revises Guidelines on Money Laundering
The Guidelines are central to the EBA’s work to lead, coordinate and monitor the fight against money laundering and terrorist financing.
03/01/2021
A PARTNERSHIP between the UK government and Crown Dependencies respectful of ‘constitutional boundaries’ will deliver progress on publicly-accessible registers of company beneficial ownership.
03/01/2021
CARICOM — an organisation of 20 states and dependencies — further said it is “dismayed” at how the COI was established with “no consultation, or prior communication between the UK government and the duly-elected government of
02/26/2021
CSSF on SFDR special accelerated procedure
The CSSF informs that the letter confirmation of the SFDR special fast-track procedure, has been adapted and it can also be used to support the review of sustainability information included in a prospectus/issuance document submitted outside of the SFDR s
02/26/2021
The CBI updated its COVID-19 FAQs to list factors investment firms should consider when looking to pay dividends and variable remuneration, given the impact COVID-19 has had on the markets and the economy in recent months.
02/26/2021
Cayman Islands, Morocco Placed on Terror-Financing Watch List
The Financial Action Task Force has added four jurisdictions to its list of countries subject to increased monitoring
02/26/2021
This guide outlines the eligibility criteria for an approved manager, the obligations of the role and the steps you need to take to apply for approval.
02/26/2021
Jurisdictions in the increased monitoring category are required to work with FATF to swiftly address outstanding strategic AML deficiencies in their regimes.
02/26/2021
The amendments and guidance notes formally extend the economic substance rules to self-managed funds and such funds are subject to the economic substance test for financial periods commencing on or after 1 January 2021.
02/26/2021
The Cayman Islands Government has given the jurisdiction’s commitment to satisfying the plan’s requirements and notes that, in any event, this work was already underway.
02/25/2021
She added that nature reserves that added to Bermuda’s “sense of national and cultural identity” would also be damaged by the changing climate.
02/25/2021
World auditors voice concern at access to Cyprus cash-for-passport scheme records
Before that, authorities had defended the initiative, which was popular with Russians, Ukrainians, Chinese and Cambodians.
02/25/2021
Malaysia’s Apex Court Decides Labuan FSA Guidelines Carry The Full Force Of Law
A perennial question posed - what weight should be attached to guidelines issued by Labuan FSA.